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Month: January 2015

Umbrella insurance provides residents in Sayville, NY with an extra layer of protection. The additional coverage may seem unnecessary now, but you might be surprised just how inexpensive an umbrella policy can be.

Often, the price of umbrella insurance is startlingly inconsequential compared to the damages of one accident resulting in a lawsuit.

What is umbrella insurance?

Umbrella policies are designed to protect homeowners in a way that home, auto, and liability policies can’t. They’re essentially exalted liability insurance policies that fill in the gaps your other insurance leaves behind, protecting you against litigation in case someone is injured or someone’s property is damaged either on your property or as a result of your actions.

Who needs umbrella insurance?

For years, umbrella policies were considered a luxury for the rich, an extra layer of security that "ordinary people" didn’t really need. But more and more financial experts agree that, depending on your situation, making the investment can be a smart financial choice for almost anyone.

The following risk factors make you a particularly good candidate for an umbrella policy:

a pool or hot tub on your property

ATV’s or other recreational vehicles on your property, especially those that visiting guests sometimes use

inexperienced drivers on your auto insurance policy

How expensive is it?

Umbrella policies are usually sold in increments of $1 million, and for many, annual premiums are as low as $200-$300. Of course, every policy varies a bit depending on its coverages and exclusions and the amount of insurance you want to purchase.

As your local independent insurance agent, we’d love to talk to you about your insurance options, get you quotes on umbrella policies so you have an idea of what to expect, and help you determine just how much (if any) umbrella coverage you should purchase.

Having the right commercial insurance policy to meet the growing needs of your business is key in maintaining operations in Mastic, NY. It is important to have the right insurance agent that can provide information and assist you with online tools that will allow you to compare carriers and obtain quotes that will benefit your business and your budget.

There are a number of Mastic, NY, commercial insurance policies that may provide coverage for your company. Some standard commercial insurance coverage policies include commercial auto, property, workers compensation, and liability insurance. Depending on what type of establishment you have, you may need all of these to continue business.

Why Mastic, NY commercial insurance?

You need to have an insurance policy wherever your operations are based. If you have a number of structures and other equipment, a property insurance policy is a must. This will replace any structures or items damaged by fire, theft or vandalism to keep your business running in any circumstance.

Insurance laws and regulations differ in every state and locale, so working with an independent agent will help you remain in compliance while protecting your business and its employees. Knowing what you need will help you structure your budget and expenses to handle any associated costs. Each business is different, so your needs may surpass the norm. Having protection even when you don’t need it is a smart business move. You never want to be in a situation where you need it and don’t have it.

Contact us to determine the best policies available to meet your needs. Being proactive is key in longevity and growth. To select the best Mastic, NY commercial insurance options, contact an independent agent today to see how we can be of assistance.